NetSol Technologies (NASDAQ:NTWK) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note published on Sunday. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Trading Down 1.7 %

NASDAQ:NTWK opened at $2.90 on Friday. The company has a market cap of $33.06 million, a PE ratio of -7.63 and a beta of 1.10. The company has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $2.63. NetSol Technologies has a 12 month low of $1.72 and a 12 month high of $3.10.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Monday, May 20th. The software maker reported $0.03 EPS for the quarter. The company had revenue of $15.47 million during the quarter. NetSol Technologies had a negative return on equity of 11.38% and a negative net margin of 7.33%.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. grew its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. 16.02% of the stock is owned by institutional investors and hedge funds.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.